Guys, $ETH attempted to break this resistance for the third time and once again failed to sustain above it. This level is clearly acting as a strong supply zone, and price is showing repeated rejection from the same area.
If $ETH continues to hold below this resistance, a downside move toward the $1,950 $1,960 support zone is highly possible. Watch for a confirmed rejection candle on the 1H timeframe as long as price remains under this resistance, sellers are in control and pressure to the downside may increase.